Global Growth Sputtering

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Steen gives four reasons global growth is sputtering. Her are some of his charts.

Federal Tax Collections

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Speculative Positioning

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Sputtering Growth

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Inflation Coming?

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Stock Market Breadth

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Apple Too Successful

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Price of Money Rising Fast

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Tax Collections and Homebuilders

It's understandable why the Trump tax cuts impacted corporate tax collections. But if one truly believes huge hiring is in place, personal tax collection is another matter.

Homebuilders are a disaster as has been recent housing data.

And the global economy does not exactly look robust.

China did not diverge from the global economy in 2008 and the US won't in 2019.

Mike "Mish" Shedlock

Steen Jakobsen, Saxo Bank CIO on the UK Election, Pound, Euro

Steen Jakobsen, Saxo Bank Chief Investment Officer, comments on the UK election, the British Pound, and the Euro in a recent email report.

Saxo Bank CIO Bets on Weaker Dollar, Cites Blowout Equity Bubble

Steen Jakobsen, Saxo Bank chief investment officer, changed his macro allocation model today. Here is the email from Steen describing his model changes.

New Nothingness: Central Banks are Powerless “They Should Go Away” Steen Jakobsen

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Back to the Past: Steen Jakobsen Asks Did Trump Change Anything?

I just received an interesting email from Steen Jakobsen, chief economist and CIO of Saxo Bank.

Saxo Bank Quarterly Outlook: End of a Cycle Like No Other

Saxo Bank provides an ominous economic outlook in its second quarter report.

King Dollar is Dead? Biggest Paradigm Shift in 100 Years: China and Electric Cars at Forefront

Steen Jakobsen, Saxo Bank Chief Economist and CIO, says the biggest change in 100 years is underway. He points to events in China and with electrification of cars.

Steen Jakobsen on CNN (Clinton News Network), the Soulless Machine, US Constitution

Steen Jakobsen, SAXO Bank CIO and chief economist emails “Dear All, Sorry for late posting, but just returned from Russia.

Saxo Bank's 10 "Outrageous Predictions" for 2018: Which are Likely?

Every year, Saxo Bank makes 10 outrageous predictions for the new year. The ideas are meant to get people to think.

Steen Jakobsen on the Next 30 Years: “Everything is Deflationary”

Steen Jakobsen, Saxo Bank chief economist and CIO just pinged me with a PowerPoint presentation on the preceding and next 30 years.